Where to begin- student daughter?

Looking for some advice please:
Daughter currently doing AS levels, so looking to go to Uni September 2022. We live in Wales, but she's thinking of Uni in England- maybe Exeter or Bristol. 
1st in family to go to Uni, so after all help we can get please
I've had a look on finance, don't think she will get much help- household income around 55k, 1 other younger child.
What year is finance based on? Husband looking to stop work in next year or two due to ill health, so this will affect household income. 
Shes currently looking for a part time job, but not having much luck. 
Any advice on finance, or planning would be great- thanks in advance


currently working to save £2014 in 2014
total so far £331
selling on facebook
overtime in work
ebay sales and online surveys.
Every little helps!!

Comments

  • ceb1995
    ceb1995 Posts: 388
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    It ll be based off the 21/22 tax year but she can put in a change of circumstances to account for the lower income once your husband stops working 
  • Ant555
    Ant555 Posts: 1,563
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    beth25 said:
    Looking for some advice please:
    Daughter currently doing AS levels, so looking to go to Uni September 2022. We live in Wales, but she's thinking of Uni in England- maybe Exeter or Bristol. 
    1st in family to go to Uni, so after all help we can get please
    I've had a look on finance, don't think she will get much help- household income around 55k, 1 other younger child.
    What year is finance based on? Husband looking to stop work in next year or two due to ill health, so this will affect household income. 
    Shes currently looking for a part time job, but not having much luck. 
    Any advice on finance, or planning would be great- thanks in advance


    Ive got two finishing Uni this year (one after 4 years and one after 3 years) so we have recent experience.
    With regards to finance - I think a Uni start in Sept 2022 will initially require household income details for tax year 20/21. I am sure it was details for the April the year before when we applied.  As already suggested, you can register a change in circumstances if household income changes massively  As Martin Lewis constantly suggests, parents are expected to contribute although the amount of contribution is not always known.  
    I just did a quick calculation for a start this September based on a household income of 55k on the online checker and it suggests a possible Maintenance  loan of £5,412 to pay living costs although that was based on lots of assumptions.
    https://www.gov.uk/student-finance-calculator/y/2021-2022/uk-full-time

    Obviously things may have changed due to COVID but I would definitely recommend registering for open days asap even though you are intending a 2022 start (I assume many may be virtual this year though).  We spent several weekends physically travelling around open days and getting a feel for the unis and the accommodation.  It was very useful and we crossed off a couple of potential Unis within a very short space of time for various reasons.
    Accommodation was a massive worry to us (Pre-COVID) however it turned out to be one of the most straightforward parts of the process but prices can vary massively.  We didnt get too hung up on sharing any facilities in year 1 - Both of my kids have made great friends, some are from first year accommodation and some are from the course.  Some accommodation seemed quite far away to walk to uni when you look on a map (especially to parents that normally drive a car everywhere) but in reality its probably isnt - or the busses are so regular that it is no issue.
    As far as accommodation goes, questions such as - is a private en suite bath room worth an extra <whatever it is nowadays> per week or is that money better spent on other things such as food.  If a private bathroom in 1st year Halls is £15/week extra then that's £60 per month - we didnt think it was worth it, but to some it might be a necessity.

    The way we have approached this is that the student loan has covered accommodation (with a very small amount left over) and we covered food/living by transferring a small amount each week.

    Happy to offer additional info if you require - just ask.
  • beth25
    beth25 Posts: 94
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    Ant555 said:
    beth25 said:
    Looking for some advice please:
    Daughter currently doing AS levels, so looking to go to Uni September 2022. We live in Wales, but she's thinking of Uni in England- maybe Exeter or Bristol. 
    1st in family to go to Uni, so after all help we can get please
    I've had a look on finance, don't think she will get much help- household income around 55k, 1 other younger child.
    What year is finance based on? Husband looking to stop work in next year or two due to ill health, so this will affect household income. 
    Shes currently looking for a part time job, but not having much luck. 
    Any advice on finance, or planning would be great- thanks in advance


    Ive got two finishing Uni this year (one after 4 years and one after 3 years) so we have recent experience.
    With regards to finance - I think a Uni start in Sept 2022 will initially require household income details for tax year 20/21. I am sure it was details for the April the year before when we applied.  As already suggested, you can register a change in circumstances if household income changes massively  As Martin Lewis constantly suggests, parents are expected to contribute although the amount of contribution is not always known.  
    I just did a quick calculation for a start this September based on a household income of 55k on the online checker and it suggests a possible Maintenance  loan of £5,412 to pay living costs although that was based on lots of assumptions.
    https://www.gov.uk/student-finance-calculator/y/2021-2022/uk-full-time

    Obviously things may have changed due to COVID but I would definitely recommend registering for open days asap even though you are intending a 2022 start (I assume many may be virtual this year though).  We spent several weekends physically travelling around open days and getting a feel for the unis and the accommodation.  It was very useful and we crossed off a couple of potential Unis within a very short space of time for various reasons.
    Accommodation was a massive worry to us (Pre-COVID) however it turned out to be one of the most straightforward parts of the process but prices can vary massively.  We didnt get too hung up on sharing any facilities in year 1 - Both of my kids have made great friends, some are from first year accommodation and some are from the course.  Some accommodation seemed quite far away to walk to uni when you look on a map (especially to parents that normally drive a car everywhere) but in reality its probably isnt - or the busses are so regular that it is no issue.
    As far as accommodation goes, questions such as - is a private en suite bath room worth an extra <whatever it is nowadays> per week or is that money better spent on other things such as food.  If a private bathroom in 1st year Halls is £15/week extra then that's £60 per month - we didnt think it was worth it, but to some it might be a necessity.

    The way we have approached this is that the student loan has covered accommodation (with a very small amount left over) and we covered food/living by transferring a small amount each week.

    Happy to offer additional info if you require - just ask.
    Thanks  so much. Registering for open days- virtual tomorrow for a few of her favorite choices so hoping to make  a start.
    She's managed to get a part time job starting next week, so shes hoping to save a bit from that ready too.
    Thanks again
    currently working to save £2014 in 2014
    total so far £331
    selling on facebook
    overtime in work
    ebay sales and online surveys.
    Every little helps!!
  • sheramber
    sheramber Posts: 18,636
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     Both my children changed their minds when they visited their first choice of university.
    There final choices were better suited to what they wanted?
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